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India: Adopted Finance Bill 2022 including expansion of income tax to virtual digital assets

Policy overview

Description

Adopted Finance Bill 2022 including expansion of income tax to virtual digital assets

On 29 March 2022, the Finance Bill 2022, which includes an expansion of income tax to include virtual digital assets, was adopted by the Rajya Sabha, the Upper House of the Parliament of India. Under the Bill, virtual digital assets are defined to i…

Scope

Policy Area
Taxation
Policy Instrument
Taxation, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2022-02-01
under deliberation

On 1 February 2022, the Finance Bill 2022, which includes an expansion of income tax to include vir…

2022-03-25
under deliberation

On 25 March 2022, the Finance Bill, 2022, which includes an expansion of income tax to include virt…

2022-03-29
adopted

On 29 March 2022, the Finance Bill 2022, which includes an expansion of income tax to include virtu…

2022-04-01
in force

On 1 April 2022, the provisions making the income from trading virtual digital assets subject to an…